Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp boosted its holdings in shares of Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) by 5.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,724 shares of the industrial products company’s stock after buying an additional 1,856 shares during the quarter. Bank of New York Mellon Corp owned 0.40% of Core Molding Technologies worth $585,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of Core Molding Technologies by 12.8% during the 1st quarter. Vanguard Group Inc. now owns 434,726 shares of the industrial products company’s stock worth $8,229,000 after purchasing an additional 49,501 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in shares of Core Molding Technologies by 187.4% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 76,321 shares of the industrial products company’s stock valued at $1,445,000 after acquiring an additional 49,764 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Core Molding Technologies by 45.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 153,987 shares of the industrial products company’s stock worth $2,915,000 after acquiring an additional 47,826 shares in the last quarter. Jump Financial LLC lifted its stake in Core Molding Technologies by 62.7% during the fourth quarter. Jump Financial LLC now owns 11,879 shares of the industrial products company’s stock worth $220,000 after purchasing an additional 4,579 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in Core Molding Technologies by 4.9% in the first quarter. BNP Paribas Financial Markets now owns 12,593 shares of the industrial products company’s stock valued at $238,000 after purchasing an additional 593 shares in the last quarter. 58.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Core Molding Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, July 29th.

Core Molding Technologies Trading Down 2.7 %

Shares of CMT opened at $17.52 on Tuesday. The company has a quick ratio of 1.86, a current ratio of 2.28 and a debt-to-equity ratio of 0.14. Core Molding Technologies, Inc. has a 52-week low of $14.64 and a 52-week high of $30.09. The stock has a market capitalization of $153.48 million, a PE ratio of 8.42 and a beta of 1.67.

Core Molding Technologies (NYSEAMERICAN:CMT) last released its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.42 by $0.31. The business had revenue of $88.74 million for the quarter, compared to analyst estimates of $78.75 million. Core Molding Technologies had a net margin of 5.11% and a return on equity of 12.14%. As a group, research analysts anticipate that Core Molding Technologies, Inc. will post 1.53 EPS for the current year.

Insider Buying and Selling at Core Molding Technologies

In other Core Molding Technologies news, EVP Renee R. Anderson sold 13,282 shares of Core Molding Technologies stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $18.17, for a total value of $241,333.94. Following the completion of the sale, the executive vice president now owns 64,517 shares in the company, valued at approximately $1,172,273.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO David L. Duvall sold 11,000 shares of Core Molding Technologies stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $17.94, for a total value of $197,340.00. Following the transaction, the chief executive officer now owns 376,377 shares in the company, valued at $6,752,203.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Renee R. Anderson sold 13,282 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $18.17, for a total value of $241,333.94. Following the sale, the executive vice president now directly owns 64,517 shares of the company’s stock, valued at approximately $1,172,273.89. The disclosure for this sale can be found here. In the last three months, insiders sold 73,411 shares of company stock worth $1,333,020. Insiders own 13.10% of the company’s stock.

Core Molding Technologies Profile

Core Molding Technologies, Inc, together with its subsidiaries, operates as a molder of thermoplastic and thermoset structural products. The company offers a range of manufacturing processes that include compression molding of sheet molding compound, resin transfer molding, liquid molding of dicyclopentadiene, spray-up and hand-lay-up, direct long-fiber thermoplastics, and structural foam and structural web injection molding.